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In a deal that could fetch up to $3bn, McDonald’s China is set to be purchased by Citic Group Corp, the Chinese conglomerate, coupled with a US-based private equity group Carlyle. The announcement follows a mixed 2016 for the China franchise of the world’s largest fast-food chain, after struggling to attract investors when it announced it was offloading its Chinese locations in the first half of last year. The deal will see… Read More